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Tuesday, December 10, 2013

STI remain Weak on Tuesday

STI mid day down 10.56 to 3103, STI remain downtrending in short term but however the drop has slowed down as price stop making new low(base on current chart), if price break 3098 this will be sign of further weakness. We are now at a crossroad, lets see where big boys want to bring us, if they want to have a Green Christmas today and tomorrow will Buy UP above 3127, if they want a RED Christmas then we will see the break of 3098.

S&P remain Strong above the 10sma and 20sma, though it is near the previous high resistance, there is no sign of turning down yet. US market is still strong, continue to ride the wave~